openPR Logo
Press release

Underfloor Heating Market by Component Heating Cables, Heating Mats, Sensor & Thermostat

04-24-2020 11:49 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

"Hardware offerings accounted for larger share of underfloor heating market in 2019."

Hardware offerings accounted for a larger share of the underfloor heating market in 2019. The growth of the market is attributed to the increasing demand for hardware such as heating pipes and cables, distribution units, and manifolds for use in hydronic and electric underfloor heating systems.

"Market for new installations of underfloor heating systems expected to grow at highest CAGR during forecast period"

New installations would dominate the underfloor heating market during the forecast period mainly because of favorable government regulations and tax credit facilities on the installation of energy-efficient systems and a high focus on energy saving and minimizing energy bills. Underfloor heating systems also reduce installation cost in new builds where developers use on-site laborers to install basic systems and use specialist contractors to commission and connect electric systems and boilers.

Download Free PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=167464533

"Market for control systems integrated into underfloor heating systems expected to grow at higher CAGR during forecast period"

The market for control systems integrated into underfloor heating systems is expected to grow at a higher CAGR during the forecast period. The growth of the control system is mainly due to the rising adoption of sensors and control interfaces. Apart from this, energy-efficiency-related standards laid by various countries in Europe would further increase the adoption of smart devices and control systems, which would subsequently increase the adoption of control systems for use in underfloor heating systems.

"Residential application accounted for largest share of underfloor heating market in 2019"

The residential application held the largest share of the underfloor heating market in 2019due to the increasing awareness about the benefits of underfloor heating systems in residential properties. The high growth rate of the underfloor heating market for the residential application is mainly due to the growing refurbishment activities in many developed nations. Underfloor heating is considered to be ideal for new builds and also becoming more popular for renovations because of new product innovations in this area.

"Europe is expected to dominate underfloor heating market during forecast period"

The European market is expected to grow at the highest CAGR during the forecast period due to the growing trends of zero-carbon emissions and tax-credit benefits policies adopted by various governments in European countries. Also, many players are offering portable electric underfloor heating systems in Europe, which would further increase the adoption of underfloor heating systems.

Uponor (Finland), Honeywell (US), nVent Electric (UK), Warmup (UK), and Rehau (Switzerland) are the key players in the underfloor heating market. These players are increasingly undertaking strategies such as product launches and developments, partnerships, agreements, and contracts to increase their market share.

Mr. Sanjay Gupta
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Underfloor Heating Market by Component Heating Cables, Heating Mats, Sensor & Thermostat here

News-ID: 2023539 • Views: 216

More Releases from MarketsandMarkets

Grease Market | Key players operating in the market include Royal Dutch Shell PL …
According to recent market research "Grease Market by Base Oil (Mineral, Synthetic, Bio-Based), Thickener Type (Metallic Soap, Non-Soap, Inorganic), End-Use Industry (Automotive, Construction, General Manufacturing, Metal, Mining, Food & Beverage, Power) - Global Forecast to 2025", is projected to reach USD 6.1 billion by 2025, at a CAGR of 2.9% from USD 5.3 billion in 2020. The growth of the grease market is primarily triggered by the rise in automation
Homeland Security and Emergency Management Market worth $846.5 billion by 2025
The report "Homeland Security and Emergency Management Market by End Use (Law Enforcement & Intelligence Gathering, Cyber Security, Critical Infrastructure Security), Solution (Systems and Services), Vertical, Installation Type, and Region - Global Forecast to 2025" is projected to grow from USD 623.1 billion in 2020 to USD 846.5 billion by 2025, at a CAGR of 6.3% from 2020 to 2025. Increasing terrorist threats and biohazard attacks, growing adoption of cloud-based
Camera Modules Market worth $44.6 billion by 2025
According to the research report the "Camera Modules Market by Component (Image Sensors, Lens Modules, Voice Coil Motors), Focus Type (Fixed, Auto), Interface, Pixel, Process, Application (Consumer Electronics, Automotive, Security & Surveillance), and Region - Global Forecast to 2025", The global camera modules market size is projected to grow from USD 31.5 billion in 2020 to USD 44.6 billion by 2025; it is expected to record a compound annual growth
People Counting System Market worth $1,333 million by 2025
According to the new research report, the "People Counting System Market by Type (Unidirectional, Bidirectional), Technology (Infrared Beam, Thermal Imaging, Video-Based), Offering, End-User (Retail Stores, Supermarkets, Shopping Malls, Transportation), Region - Global Forecast to 2025" is expected to grow from USD 818 million in 2020 to USD 1,333 million by 2025, at a CAGR of 10.3% during 2020–2025. Key factors fueling the growth of this market include the ongoing technological

All 5 Releases


More Releases for Europe

Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications
Europe Wooden Doors Market
Europe Wooden Doors Market https://www.qandqmarketresearch.com/reports/wooden-doors-market-78 This report studies the Wooden Doorsmarket status and outlook of Europe and major countries, from angles of players, countries, product types and end industries; this report analyzes the top players in Europe and major countries, and splits the Wooden Doors market by product type and applications/end industries. The global Wooden Doors market is valued at XX million USD in 2018 and is expected to reach XX million
Europe Business Assembly
The Europe Business Assembly (EBA) is an international corporation for the evolution and implementation of economic and social development. The company was established in April 2000 and its history shows a plethora of promising initiatives, creative growth and professional victories. EBA’s activity demonstrates the capabilities and power of professional partnership. The year 2000 saw the beginning and the foundation of EBA with the signing of the memorandum of cooperation and
Smartsourcing in Eastern Europe
In 2008 the outsourcing business of Eastern Europe was estimated at nearly $2 billion, representing just a tiny fraction of the global IT outsourcing market, estimated at about $386 billion. According to the Gartner Dataquest predictions, in the next four years Eastern Europe is expected to outstrip the rest of the offshore market concentrated mainly in the “classical” locations like India. By 2010 Eastern Europe’s IT outsourcing market share is
Home Control conquers Europe
European Home Control Summit attracts participation from leading International companies and organizations 29. February 2008 - Copenhagen/Frankfurt - The first European Wireless Home Control Summit on 9 April 2008, taking place parallel to Light + Building, features leading companies such as Merten, Horstmann, Danfoss, and market researcher Parks Associates as well as publicly funded organizations like the Danish Energy Saving Trust (DEST) presenting the newest trends, products and market strategies pertaining
Marketing in/to Europe
Internationalization is important for every company. Europe - with its now nearly 500 million inhabitants, however, only looking towards the European Union's countries - is a perfect place for companies to go. Especially the Western countries are highly industrialized. Find some reasons and help in this article. Most of the European companies - actually more than 90 % / country on an average - are fighting the more or less stagnating